Yahoo boss Marissa Mayer loses millions in bonuses over security lapses
by Associated Press from Technology | The Guardian on (#2EE8M)
After hacks affecting the personal details of 1 billion users, the chief executive loses cash bonus of $2m and gives up stock awards worth millions more
Yahoo chief executive Marissa Mayer will lose her annual bonus and the company's top lawyer has been removed over their mishandling of security breaches that exposed the personal information of more than 1 billion users.
Mayer's cash bonus is worth about $2m a year and her personal cost from the security flaws increased when the board also accepted her offer to relinquish an annual stock award worth millions of dollars.
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